ZIP Code 38116

In ZIP code 38116, on the south side of Memphis, households bring in a median of $42,183 a year, while per-capita income sits at $24,131. A median home there is valued at $138,600, and the county-level property tax rate of 0.97% works out to roughly $1,344 annually on that amount. Shoppers also pay a combined 9.75% sales tax, which adds up on everyday purchases. Together, these figures sketch a cost picture where housing taxes stay contained but income is stretched by one of the higher sales tax rates in the region.